The FCHR-Mutual Funds file, placed below, provides information relating to 45 mutual funds listed in 2008 in the Morningstar Bank Funds 500. This dataset includes the variables following: - The type of fund: domestic (DE), international (IE) and fixed income (FI). - The value of each of the fund's units (in dollars): the security's closing price (VF). - The average return over five years (in%): the average annual return of the fund over the past five years (RM). - The expense ratio (in%): the share of assets deducted each fiscal year for cover the fund management costs (RD). - The Morningstar ranking of the fund (1 to 5 stars): the ranking adjusted to keep risk account of each fund (CM). a. Are the values of units of international funds higher than those of domestic funds and fixed income funds? Answer the question by comparing the box-feet of the three types of funds. b. Are the average returns of domestic funds higher than those of international funds and fixed income funds? Answer the question by comparing the box-feet of the three types of funds c. Are the expense ratios of fixed income funds higher than those of domestic funds and international funds? Answer the question by comparing the box-feet of the three types of funds. a In thnen anlntionchin tritunnon tha intuin of fiindnite and thrin minnan 100 of the three types of Tunas. d. Is there a relationship between the value of fund units and their average return over five years? Answer the question by calculating and interpreting the coefficient of relevant correlation and separately considering the different types of funds. e. Is there a relationship between the value of fund units and the expense ratio of these funds? Answer the question by calculating and interpreting the coefficient of relevant correlation and separately considering the different types of funds. f. Is there a relationship between the five-year average fund return and the equity ratio? expenditure of these funds? Answer the question by calculating and interpreting the relevant correlation coefficient and separately considering the different types of funds. Funds Fund type Equity Average Expense Ranking value (S) ratio (%) Morningsta 5 years (%) r (number of stars) Amer Cent DE 28.88 12.39 0.67 Inc & Growth Iny. American IE 14.37 30.53 1.41 Century Intl. Disc return over 3 American FT 1073 334 049 100% + Enve FI 10.73 3.34 0.49 4 DE 24.94 10.88 0.99 3 DE IE 46.39 25.52 11.32 24.95 1.03 1.23 2 3 DE 16.92 15.67 1.18 3 3 American Century Tax-Free Bond American Century Ultra Ariel Artisan Intl Val Artisan Small Cap Baron Asset Brandywine Brown Cap Small Buffalo Mid Cap Delafield DFA U.S. Micro Cap Dodge & Cox Income Fairholme Fidelity Contrafund Fidelity e-Uni DE DE DE 50.67 36.58 35.73 16.77 18.14 15.85 1.31 1.08 1.20 5 4 4 DE 15.29 17.25 1.02 3 DE DE 24.32 13.47 17.77 17.23 1.32 0.53 4. 3 FI 12.51 4.311 0.44 4 DE DE 31.86 73.11 1.00 18.23 17.99 5 5 0.89 FI 12158 4.41 0.45 5 10054 Mise en page Rfrences Tableau Ouvrir dans l'application de bureau Recher S Dv Av. v Ev Av 31.86 73.11 18.23 17.99 1.00 0.89 5 5 12.58 4.41 0.45 5 48.39 23.46 0.90 4 45.60 13.50 0.89 3 8.60 2.76 0.45 3 3 12 AAG AG I LUX ITICULTIC Fairholme DE Fidelity DE Contrafund Fidelity FI Municipal Income Fidelity IE Overseas Fidelity Sel DE Electronics Fidelity Sh FI Term Bond Fidelity DE FPA New FI Income Gabelli DE Asset AAA Greenspring DE Janus DE Janus IE Worldwide Kalmar Gr DE Val Sm Cp Managers FI Freemont Bond Marsico 21st DE 39.85 10.95 14.40 4.63 0.56 0.62 4 3 49.81 16.70 1.36 4 23.59 32.26 54.83 12.46 12.81 12.31 1.07 0.90 0.86 3 3 2 15.30 15.31 1.32 3 10.56 5.14 0.60 5 17.44 15.16 1.31 5 yaume-Uni 100 S pv Av. ... Evvv 17.44 13.10 1.31 > 27.86 32.70 1.16 3 31.92 15.33 1.08 4 40.37 10.68 9.51 13.57 1.05 1.25 2 3 12 AAGI MarsicO ZIST DL Century Mathews IE Pacific | Tiger Meridan DE Value Oakmark I DE PIMCO FI Emerg Mkts Bd D RS Value A DE T. Rowe IE Price Latin Am. T. Rowe DE Price Mid Val Templeton IE Growth A Thornburg DE Value A USAA FI Income Vanguard DE Equity-Inc Vanguard IE Global 26.27 53.89 23.68 51.10 1.36 1.24 4 22.46 16.91 0.80 4 24.07 15.91 1.01 3 3 37.53 15.46 1.27 12.10 4.31 0.62 3 24.42 13.41 0.29 23.71 21.77 0.64 5 me-Uni 100% + Mise en page Rfrences Rvision Affichage Ouvrir dans l'application de bureau 14 A A G G I S DAY. EvEv Avo IE 24.07 15.91 1.01 3 DE 37.53 15.46 1.27 4 FI 12.10 4.31 0.62 3 DE 24.42 13.41 0.29 4 IE 23.71 21.77 Val Templeton Growth A Thornburg Value A USAA Income Vanguard Equity-Inc Vanguard Global Equity Vanguard GNMA Vanguard Sht-Tm TE Vanguard Sm Cp Idx Wasatch Sm Cp Growth 0.64 5 10.37 4.25 0.21 5 FI 15.68 2.37 0.16 3 DE 32.58 17.01 0.23 3 3 DE 35.41 13.98 1.19 1009 The FCHR-Mutual Funds file, placed below, provides information relating to 45 mutual funds listed in 2008 in the Morningstar Bank Funds 500. This dataset includes the variables following: - The type of fund: domestic (DE), international (IE) and fixed income (FI). - The value of each of the fund's units (in dollars): the security's closing price (VF). - The average return over five years (in%): the average annual return of the fund over the past five years (RM). - The expense ratio (in%): the share of assets deducted each fiscal year for cover the fund management costs (RD). - The Morningstar ranking of the fund (1 to 5 stars): the ranking adjusted to keep risk account of each fund (CM). a. Are the values of units of international funds higher than those of domestic funds and fixed income funds? Answer the question by comparing the box-feet of the three types of funds. b. Are the average returns of domestic funds higher than those of international funds and fixed income funds? Answer the question by comparing the box-feet of the three types of funds c. Are the expense ratios of fixed income funds higher than those of domestic funds and international funds? Answer the question by comparing the box-feet of the three types of funds. a In thnen anlntionchin tritunnon tha intuin of fiindnite and thrin minnan 100 of the three types of Tunas. d. Is there a relationship between the value of fund units and their average return over five years? Answer the question by calculating and interpreting the coefficient of relevant correlation and separately considering the different types of funds. e. Is there a relationship between the value of fund units and the expense ratio of these funds? Answer the question by calculating and interpreting the coefficient of relevant correlation and separately considering the different types of funds. f. Is there a relationship between the five-year average fund return and the equity ratio? expenditure of these funds? Answer the question by calculating and interpreting the relevant correlation coefficient and separately considering the different types of funds. Funds Fund type Equity Average Expense Ranking value (S) ratio (%) Morningsta 5 years (%) r (number of stars) Amer Cent DE 28.88 12.39 0.67 Inc & Growth Iny. American IE 14.37 30.53 1.41 Century Intl. Disc return over 3 American FT 1073 334 049 100% + Enve FI 10.73 3.34 0.49 4 DE 24.94 10.88 0.99 3 DE IE 46.39 25.52 11.32 24.95 1.03 1.23 2 3 DE 16.92 15.67 1.18 3 3 American Century Tax-Free Bond American Century Ultra Ariel Artisan Intl Val Artisan Small Cap Baron Asset Brandywine Brown Cap Small Buffalo Mid Cap Delafield DFA U.S. Micro Cap Dodge & Cox Income Fairholme Fidelity Contrafund Fidelity e-Uni DE DE DE 50.67 36.58 35.73 16.77 18.14 15.85 1.31 1.08 1.20 5 4 4 DE 15.29 17.25 1.02 3 DE DE 24.32 13.47 17.77 17.23 1.32 0.53 4. 3 FI 12.51 4.311 0.44 4 DE DE 31.86 73.11 1.00 18.23 17.99 5 5 0.89 FI 12158 4.41 0.45 5 10054 Mise en page Rfrences Tableau Ouvrir dans l'application de bureau Recher S Dv Av. v Ev Av 31.86 73.11 18.23 17.99 1.00 0.89 5 5 12.58 4.41 0.45 5 48.39 23.46 0.90 4 45.60 13.50 0.89 3 8.60 2.76 0.45 3 3 12 AAG AG I LUX ITICULTIC Fairholme DE Fidelity DE Contrafund Fidelity FI Municipal Income Fidelity IE Overseas Fidelity Sel DE Electronics Fidelity Sh FI Term Bond Fidelity DE FPA New FI Income Gabelli DE Asset AAA Greenspring DE Janus DE Janus IE Worldwide Kalmar Gr DE Val Sm Cp Managers FI Freemont Bond Marsico 21st DE 39.85 10.95 14.40 4.63 0.56 0.62 4 3 49.81 16.70 1.36 4 23.59 32.26 54.83 12.46 12.81 12.31 1.07 0.90 0.86 3 3 2 15.30 15.31 1.32 3 10.56 5.14 0.60 5 17.44 15.16 1.31 5 yaume-Uni 100 S pv Av. ... Evvv 17.44 13.10 1.31 > 27.86 32.70 1.16 3 31.92 15.33 1.08 4 40.37 10.68 9.51 13.57 1.05 1.25 2 3 12 AAGI MarsicO ZIST DL Century Mathews IE Pacific | Tiger Meridan DE Value Oakmark I DE PIMCO FI Emerg Mkts Bd D RS Value A DE T. Rowe IE Price Latin Am. T. Rowe DE Price Mid Val Templeton IE Growth A Thornburg DE Value A USAA FI Income Vanguard DE Equity-Inc Vanguard IE Global 26.27 53.89 23.68 51.10 1.36 1.24 4 22.46 16.91 0.80 4 24.07 15.91 1.01 3 3 37.53 15.46 1.27 12.10 4.31 0.62 3 24.42 13.41 0.29 23.71 21.77 0.64 5 me-Uni 100% + Mise en page Rfrences Rvision Affichage Ouvrir dans l'application de bureau 14 A A G G I S DAY. EvEv Avo IE 24.07 15.91 1.01 3 DE 37.53 15.46 1.27 4 FI 12.10 4.31 0.62 3 DE 24.42 13.41 0.29 4 IE 23.71 21.77 Val Templeton Growth A Thornburg Value A USAA Income Vanguard Equity-Inc Vanguard Global Equity Vanguard GNMA Vanguard Sht-Tm TE Vanguard Sm Cp Idx Wasatch Sm Cp Growth 0.64 5 10.37 4.25 0.21 5 FI 15.68 2.37 0.16 3 DE 32.58 17.01 0.23 3 3 DE 35.41 13.98 1.19 1009